Oracle’s Huge Bond Sale, Musk Eyes SpaceX and xAI Combo
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What is the main topic discussed in this episode?
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Bloomberg Tech is live from coast to coast with Caroline Hyde in New York and Ed Lovelow in San Francisco. This is Bloomberg Tech. Coming up, Disney shares sinking after giving a tepid growth outlook. That's as the market awaits news on who will be its new leader. Plus, Oracle raising more debt as the software giant looks to raise $45 to $50 billion in bonds and equity for additional cloud infrastructure capacity. And sources say Elon Musk is in advanced talks to combine SpaceX with XAI. We'll have all the details, but first we check in on these markets that in certain areas breathe some sighs of relief. After sell-off on the Nasdaq, on the S&P 500, we're actually seeing a bit more of the buying of the dip when it comes to stocks.
Not so much when you're looking at commodities. We're up 0.7% when you're looking at the Nasdaq. Now, Bitcoin bounces, but boy, did it feel the pain over the course of the weekend. We're only trading at 78,000. So still the pressure on on so-called digital gold, as we actually see that continued strain on gold and silver that really catalyzed on Friday and the decision of who will be the next Fed chair. Move on to the individual stocks. Nvidia is one of the biggest points drags to the downside today, off by 1.4 percent. We're going to dig into what really its relationship with OpenAI and how much it's committing to funding it is going to look like. We're looking at Oracle now up two percentage points.
It's selling a wealth of debt and equity but does this steady the nerves that it would in some way tempt junk status on its debt we're getting into that a little bit later move on though because in the here and now we're looking at earnings and it was tepid growth more broadly that we saw for disney And that particular seems to be being pointed forward to this fiscal quarter that we look at. What is the worry about people not traveling to as many of the parks in the year to come? We're currently off by 4%, as you say, on the intraday basis. But interesting news over the course of the weekend as well about management. Felix Gillette joins us now. Just going to the fundamentals of the business. The quarter they just reported was strong, particularly in streaming.
What are the latest earnings results for Disney and their impact?
But it seems to be where we're going in parks, which is a slight nervousness.
Yeah. I mean, they just reported record sales in parks for the previous quarter. They hit $10 billion of sales in the quarter for the first time. But they offered this outlook today that said, in the current quarter, there are some concerns. There's all this volatility in terms of the international market. Are they going to have as many international visitors to the parks? They're going to shift some of their
How is Oracle planning to raise $50 billion for cloud infrastructure?
to try and attract more domestic visitors to the domestic parks. There's also increased costs. They're launching a new cruise ship. They have a new Frozen exhibit opening in the parks in France. So, yeah, the parks outlook for this quarter is not as good, coming off a very strong quarter.
What does Elon Musk's potential SpaceX and xAI merger mean for the tech industry?
Interesting time for parks, though, and its leadership, because we understand there's a key vote going on at the board level this week.
Yeah, so the board is meeting. They're expected to vote on Bob Iger's successor. We've been watching this for three years now. They are leaning towards Josh DeMauro, who's the head of parks, and we're expecting to see that vote this week. Disney had previously said they're going to announce a successor for Bob Iger sometime before the end of March. So things are moving forward, and it makes sense that Josh DeMauro would be in the lead at this point. The parks and cruise division is providing the vast amounts of profit at this company, and it sort of reflects where things are at. The experience is really working well for consumers right now, and as we've talked about, the home entertainment is still somewhat tumultuous as we make this transition from cable to streaming.
Felix Gillette with the best write-up. We so appreciate it. Thank you. Meanwhile, Disney CEO Bob Iger did talk about their IP, saying there's no rush to acquire any more of it.
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Chapters
8 chapters
1
What is the main topic discussed in this episode?
0:02–2:09
2
What are the latest earnings results for Disney and their impact?
2:09–2:36
3
How is Oracle planning to raise $50 billion for cloud infrastructure?
2:36–2:54
4
What does Elon Musk's potential SpaceX and xAI merger mean for the tech industry?
2:54–8:48
5
What concerns are there about Disney's park attendance and future growth?
8:48–11:04
6
How is Oracle's bond sale perceived by investors?
11:04–14:26
7
What are the implications of NVIDIA's investment in OpenAI?
14:26–16:07
8
How are crypto exchanges responding to the current market conditions?
16:07–43:18
Speakers
10 identifiedMore from Bloomberg Tech
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